CIC - Construction Intelligence Center

A Troubled Outlook for Saudi Arabia

  • Published:Monday, September 12, 2016


Construction activity in Saudi Arabia is likely to decline in 2016 on the back of sustained weakness in oil prices, a reduction in government spending.

 

While the government plans to prioritise some projects and scale down others, and oil prices are likely to recover marginally, this is unlikely to provide much relief to the sector as the fundamental picture remains bleak and market headwinds persist.

 

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